SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Dell Technologies Inc.
DELL 122.55+4.4%Nov 21 9:30 AM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Kayaker who wrote (132511)6/12/1999 11:53:00 AM
From: freeus  Read Replies (2) of 176387
 
re Microsoft.
Well that does it.

From the High Tech Strategist, June 3, 1999

At the edge of the abyss:
(Its too long to put here but basically)
"The stock market has an eerie feeling to it. Trading volume has dried up. There's fear in the air, as we await a probable Fed interest rate hike at the end of this month and the onslaught of earnings warnings. The market is gyrating nearly every day with wild intraday swings. While the market has been down over the last month (losing almost 350 Dow points since the May newsletter) complacency isstill high, as witnessed by the latest Investors Intelligence tally of bullish newsletter advisors at 61%, a twelve-year high. The last time we saw such bullishness was in August 1987.

Then he goes on to slam the computer industry.
He saysDELL is down year to date 9%. He says its been hard on bears and bulls and a lot of bears got scared out by the early year's highs. He advises professional shorters to short even here.

Then he says the PC motherboard sales have slipped eveywhere and so have DRAM prices. He believes Micron will show poor earnings because of selling price depression.

Then he quote our thread.
"The love affair is over"
Demoralization has even affected the proud "Dellheads" on the Silicon Investor message board. A couple of weeks ago a poster using the pseudonym "Long on Dell" admitted that he sold half of his DELL stock. This week "Forever Dell" dumped all his DELL stock. Another Dellhead, who also sold all hers (under margin pressure) stated "You'll have to change your name for a while. It may take a few eyars to want to be ForeverDELL again" ForeverDELL responded "I may have to changde my name. I will alsways be ForeverDELL in spirit but I had to move my money elsewhere".
Its hard to explain this stunning transformation the DELL message board. I've monitored these lines for years. Just weeks ago, these people were absolutely committed to Dell's stock. They adored the great Michael Dell. Seom of them have been Dellheads for years. To see many of them break is testimony to the amount of damage inflicted on these small traders...... Recently Dell's stock fell for twelve straight days. Its the same with the Internet stocks. There's no washout decline like there was in October. The pain was brief. The market plunged, the government came to the rescue, and it was over. This decline is inflicting real suffering among the pulls.
The margin call pressure has wiped out some daytraders but the Internet decline has also impacted some professions. I know of at least one and possibly two hedge funds that sut down after incurring substantial losses trying to trade these Internet stocks (long).
Freeus
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News